Form 4 for TPC TUTOR PERINI CORP
Accepted 2023-11-14 00:00:00 ET · period of report 2023-11-11 · accession 0000077543-23-000184 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-11-14 | 2023-11-11 | TPC | SOROKA RYAN JOSEPH | VP, CAO | M - OptEx | — | +30.0K | 50.1K | +149% | — |
| D | 2023-11-14 | 2023-11-11 | TPC | SOROKA RYAN JOSEPH | VP, CAO | D - Sale to Iss | $20.00 | -30.0K | 20.1K | -60% | -$600.0K |
| D | 2023-11-14 | 2023-11-11 | TPC | SOROKA RYAN JOSEPH | VP, CAO | M - OptEx | $0.00 | -30.0K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-11-11 | M | A | 30,000 | — | 50,134 | D | — | — | (F1) Each restricted stock unit (RSU) entitles the holder to one share of common stock of Tutor Perini Corporation (payable either in cash or shares) and, if the stock price is less than $20.00 per share on the settlement date, a payment in cash or shares, at the option of Tutor Perini Corporation, of the difference between the stock price and $20.00. Because the stock price was less than $20.00 per share on the settlement date, the RSUs were settled in cash at a value equal to the number of units vested multiplied by $20.00. |
| 2 | Common | Common Stock | 2023-11-11 | D | D | 30,000 | $20.00 | 20,134 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2023-11-11 | M | D | 30,000 | $0.00 | 0 | D | — · — to — | 30,000 Common Stock | (F1) Each restricted stock unit (RSU) entitles the holder to one share of common stock of Tutor Perini Corporation (payable either in cash or shares) and, if the stock price is less than $20.00 per share on the settlement date, a payment in cash or shares, at the option of Tutor Perini Corporation, of the difference between the stock price and $20.00. Because the stock price was less than $20.00 per share on the settlement date, the RSUs were settled in cash at a value equal to the number of units vested multiplied by $20.00. (F2) On November 11, 2020, the reporting person was granted 30,000 RSUs that vested on November 11, 2023, contingent upon the reporting person's continued employment through this date. |